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Nortridge Loan System vs. Trade Ledger

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Nortridge Loan System
Score 8.2 out of 10
N/A
The Nortridge Loan System is a loan servicing platform from Nortridge Software in Lake Forest, California.N/A
Trade Ledger
Score 0.0 out of 10
N/A
The Trade Ledger lending-as-a-service platform brings together data for business lenders to support the customer lifecycle, analyze data, and automate key processes. From origination to decision and structuring, the solution helps to simplify complex loan products. The configurable product designs include tools to embed, launch and scale new loan products fast. Including but not limited to Asset-Based Lending, Invoice Finance and Receivables Finance. The platform is designed for rapid and…N/A
Pricing
Nortridge Loan SystemTrade Ledger
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Nortridge Loan SystemTrade Ledger
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeOptional
Additional Details——
More Pricing Information
User Ratings
Nortridge Loan SystemTrade Ledger
Likelihood to Recommend
10.0
(1 ratings)
-
(0 ratings)
User Testimonials
Nortridge Loan SystemTrade Ledger
Likelihood to Recommend
Nortridge Software
Some areas where Northridge Loan Systems is best suited is for mid to large-sized companies who are handling thousands of loan applications on a day-to-day basis. Since this program has a sizeable IT infrastructure, this software is best suited for companies that have a mid to large-size IT team with scalable infrastructure. I would not recommend Northridge Loan System to smaller-sized companies with a low volume of loans as it can be a mid-complex to manage and maintain when there are other solutions out that cater to smaller businesses.
MS
Michael Sen
System Administrator
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Trade Ledger
No answers on this topic
Pros
Nortridge Software
  • It can be deployed in the cloud making it easier to implement.
  • There are many different options for implementation in our IT environment including on-prem.
  • It can integrate with our Active Directory allowing for easy user management.
MS
Michael Sen
System Administrator
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Trade Ledger
No answers on this topic
Cons
Nortridge Software
  • In some instances, we have noticed there are some latency issues when reading and writing from SQL databases as new code bases get released.
  • API library upgrades could be tested a bit better in each new release.
  • Cloud implementation could be a bit more streamlined.
MS
Michael Sen
System Administrator
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Trade Ledger
No answers on this topic
Alternatives Considered
Nortridge Software
We chose Nortridge Loan System to handle our loan management going forward to due to the fact that we can implement this crucial business function in the cloud. Unlike Shaw Systems, which is completely on-premise, we have to manage many aspects of this software for the business from servers to segregated networks, and backups to ensure availability. With Northridge Loan Systems being able to be implemented in the cloud, we can ensure higher availability to our loan servicing teams and increased insurance that data will be safe with the DR procedures surrounded in the cloud.
MS
Michael Sen
System Administrator
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Trade Ledger
No answers on this topic
Return on Investment
Nortridge Software
  • One pro to Northridge Loan System is that we can migrate off of old on-premise servers that are out of compliance.
  • With Northridge Loan System being compatible in the cloud we can deploy it within AWS promoting for long term scalability
  • We are able to manage and organize all loan-related data easily and more streamlined with Northridge Loan System
MS
Michael Sen
System Administrator
Read full review
Trade Ledger
No answers on this topic
ScreenShots